My understanding is that there’s a kind of “tipping point” for...

My understanding is that there’s a kind of “tipping point” for banks relative to interest rates. As a result, banks benefit if rates are very low and moving higher, or (seemingly contradictory) very high and moving lower. But it’s a bit less clear when rates are “mid level” which is where they might be if they pop up a bit from here. At some point higher rates switch from a tailwind to a headwind. I’m afraid I’ve forgotten the technical reasons for this understanding…I suppose it has to do with better margins being “unimpeded” when rates are very low and rising a bit, relative to the “bad debt damage” that emerges when they get too high. Rates might be getting close to that “tipping point” about now. Keep in mind I am no banker…someone who actually knows what they are talking about re this (it isn’t me) might respond a bit more authoritatively than I have managed.